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Business, 14.07.2020 16:01 TerronRice

In country A the income shares (in percent) received by the lowest fifth of income groups to the highest fifth of income groups is, respectively, 10, 15, 20, 25, and 30. In country B the income shares (in percent) received by the lowest fifth of income groups to the highest fifth of income groups is, respectively, 5, 12, 20, 25 and 38. It follows that the: a. Income distribution is more equal in country B than A.

b. Income distribution is less unequal in country B than A.

c. Lorenz curve in country B is nearly the same as the line of perfect income equality in country A, but not in country B.

d. Income distribution is less equal in country B than A.

e. a and b

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